I think some of these name have been picked up in momentum/trend following baskets that are chasing AI stories. For example, COST is a 2.9% weight in MTUM ($9 billion AUM) vs. 75 bps weight in SP500.
I see some of these names as excellent funding shorts right now (COST, WING, WDFC), likely to get caught up in any momentum/AI drawdown, but…
I think some of these name have been picked up in momentum/trend following baskets that are chasing AI stories. For example, COST is a 2.9% weight in MTUM ($9 billion AUM) vs. 75 bps weight in SP500.
I see some of these names as excellent funding shorts right now (COST, WING, WDFC), likely to get caught up in any momentum/AI drawdown, but without the upside explosion risk of something with true AI exposure.
I think some of these name have been picked up in momentum/trend following baskets that are chasing AI stories. For example, COST is a 2.9% weight in MTUM ($9 billion AUM) vs. 75 bps weight in SP500.
I see some of these names as excellent funding shorts right now (COST, WING, WDFC), likely to get caught up in any momentum/AI drawdown, but without the upside explosion risk of something with true AI exposure.